Cincinnati Real Estate

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Kathy S. Koops GRI

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Are Homes Selling in the Cincinnati Area?

filed under: Real Estate posted on August 4th, 2015

Are homes selling in the Cincinnati area?

It doesn’t seem to matter if you are selling near the bike trail or overlooking Great American Ball Park- if you find the “sweet spot for pricing” at the time you list- your home is sold!  As we head into August and the start of another school year (so soon?) July sales for single family homes sizzled.

HomeSearch

Single family home sales volume for the 4 counties. Data pulled from the CincyMLS.

Homes in Cincinnati

In addition to higher dollar volume in gross sales the average sale price continues to outpace last year.  Sellers are starting to recover some of the losses from the bust real estate market.  Noitce I said recover because many area single family homes purchased in the 2001-2006 timeframe have yet to reach the price the current owners paid.

  2014   2015  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 250 $94,097 289 $87,953
Clermont 161 $105,716 165 $113,373
Hamilton 944 $169,718 882 $161,364
Warren 265 $151,295 248 $153,092

At the current pace sales and average sale prices for 2105 should exceed 2014.  Reports that consumer spending has dipped may or may not effect the local housing market.  The lack of houses for sale continues to keep potential buyers from writing contracts.  Everybody expects mortgage interest rates to go up – eventually so buyers and sellers still “thinking” about jumping into the real estate market need to move quickly in order to take advantage of lower rates.

Do you have questions about sale prices in your neighborhood-send a request for a full market evaluation.
Usually people thinking about buying or selling listen to friends, tv shows or they read “how to” articles available on a variety of web sites.  All those sources have great information but for details on prices and what’s happening locally in greater Cincinnati talk to a local expert!

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